This month Kilde has partnered with Reevoy, an invoice factoring company from UK supporting Indian exporters in 11 markets globally.
Through issuance of private debt securities, Reevoy will be diversifying its sources of financing to further fuel the significant growth of their export invoice financing portfolio.
Unlocking the India Opportunity for Importers
Reevoy purchases confirmed invoices from Indian exporters and gets paid by retail chains operators in the USA and European Union. Over 90% of the invoices are originated from mature markets such as the United States, United Arab Emirates, United Kingdom, and Italy. The Company has a highly automated underwriting workflow connected with customs systems in real-time.
Founded by ex. BCG team and backed by top VC funds in India, Reevoy has seen a rapid growth of the loan book since its launch in January 2021, and raised $4 million in a seed round earlier this year.
Reevoy is technically integrated with Indian customs bureau and importers credit scoring agencies, has a rigorous merchant underwriting process, well-defined dispute resolution and risk management processes, all of which help keep the non-performing receivables at below 0.5%.
For further information about Reevoy and any additional questions, do not hesitate to send us an email at info@kilde.sg.
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Kilde is a regulated investment platform for alternatives. We operate as a two-sided platform connecting institutions / HNWI with securitised private investments. Our main alternative asset classes are private debt, venture debt, and recurring revenue financing. Kilde has partnered with leading non-banking consumer & SME lending firms to give investors safe and controlled access to consumer lending assets. Our unfair advantage is vast accumulated data on consumer & SME assets performance as well as scalable investment and securitisation tech platform. Thanks to Kilde’s license for dealing in securities, we securitize alternative investments into digital securities.